Purchase of Property Abroad

Posted: 29/02/2016 / 14:42

Posted by: Donna Wells

We were approached by a well known broker that needed to help their client, a couple, buy their dream home in Spain. The couple needed to raise £300,000 to complete the purchase, and this was raised against their unencumbered property in the UK that was on the market for sale.

F4B arranged a bridging facility that gave them enough money to purchase the property, and a little extra to cover the payments on their bridging loan. The happy couple purchased their home in Spain and did not have to worry about the monthly payments for the bridging loan as they were already taken care of. They sold their house in England a few months later, repaid the bridging loan and retired to Spain.

Related

Online Enquiry

We were approached by a well known broker that needed to help their clients buy their dream home in Spain. The couple needed to raise £300,000 to complete the purchase, and was raised on their unencumbered property…

Share this:

Mr M approached us because a lender had let him down at the last minute. He was due to repay a development facility and had 3 days to complete otherwise he would have incurred high default costs. First 4 Bridging arranged the facility through one of our lender partners and completed within the time-scale that…

Share this:

We were approached by a well known broker that needed to help their clients buy their dream home in Spain. The couple needed to raise £300,000 to complete the purchase, and was raised on their unencumbered property…